The Federal Competition and Consumer Protection Commission, FCCPC says its invitation to Air Peace is simply for an inquiry to understand its price methodology and respond to consumers complaints. The Director, Surveillance and Investigation, Mrs. Boladale Adeyinka said neither the airline nor the chairman, Dr. Allen Onyema is under […]
Category: Corporate Stories
Corporate Stories
Market Regulation: Senate Passes ISB 2024
In a major boost to the operations of the Securities and Exchange Commission and the Nigerian capital market, the Senate of the Federal Republic of Nigeria has passed the Investments and Securities Bill 2024. The Investments and Securities Bill, meant to repeal the Securities and Exchange Commission (SEC) Act, was passed on the […]
Ngozi Okonjo-Iweala Reappointed As WTO Chief
The World Trade Organization (WTO) has reappointed Ngozi Okonjo-Iweala for a second term as Director-General during a special meeting held on Friday. Okonjo-Iweala, who made history in 2021 as the WTO’s first female and first African leader, will serve another term as the organization prepares to navigate an era […]
Gas Will Drive Development With Minimal Emissions, Says Seplat Energy
Seplat Energy Plc has said that the gas resources in Nigeria and other African countries can drive significant developmental gains with minimal impacts on emission. According to the leading energy company, gas is the immediate solution to many immediate problems in Africa; thus, there is a compelling development case […]
Air Peace’s Growth Proves Nigeria’s Potential in Global Aviation, says Festus Keyamo
The Minister of Aviation and Aerospace Development, Mr Festus Keyamo (SAN), has said Air Peace’s strong performance in the aviation industry is a testament to Nigeria’s global aviation potential. The minister made this disclosure at the 10th-anniversary celebration of Air Peace held at the Eko Hotels and Suites in […]
FBN Holdings targets N730bn capital base by Q1, 25
The Group Managing Director, FBN Holdings Plc, Mr Nnamdi Okonkwo, has assured its shareholders that the company will attain a N730 billion capital base by the first quarter of 2025. Okonkwo gave the assurance at the the Group’s ‘Facts Behind the Rights Issue” presentation at the Nigerian Exchange in […]
SEC, NGX, JSE Strengthen Ties To Boost African Capital Markets
The Nigerian Securities and Exchange Commission (SEC), the Nigerian Exchange Group (NGX), and the Johannesburg Stock Exchange (JSE) have formed a strategic partnership focused on governance, market development, and sustainability initiatives. In a statement shared with Business Nexus, it was announced that a delegation from NGX Group Plc, led […]
Access Bank’s Contributions in Africa’s Transition to a Low Carbon Economy
Africa is facing a growing challenge of managing its waste and natural resources in a sustainable way. The current traditional linear economic model, characterized by a “take, make, dispose” pattern that is extracting, consuming, and disposing of materials, is inefficient, wasteful, and harmful to the environment and human health. According […]
SEC Grants Two Digital Exchanges ‘Approval-in-Principle’
The Securities and Exchange Commission has granted two Digital Assets Exchanges “Approval-in-Principle” to commence operation under the Accelerated Regulatory Incubation Program, ARIP. The companies granted approval are Busha Digital Limited, Quidax Technologies Limited. Disclosing this in a statement in Abuja Thursday, the Commission said the cohort comprises of two Digital Asset Exchanges, four Digital asset Offering Platforms and […]
Heirs Holdings Reinstates Commitment to African Economic Growth
Heirs Holdings has reaffirmed its commitment to fostering economic growth in Nigeria and across Africa. Speaking at the 14th anniversary Media Parley held in Lagos, Group Chairman of Heirs Holdings, Tony Elumelu, highlighted the company’s dedication to long-term investment in Africa’s strategic sectors. “In 2010, we embarked on […]